SERVICES PAID FOR BY ISSUING WARRANTS

摘要

During the year, Brian plc's bank provided services to Brian plc, and Brian plc agreed to issue warrants to the bank as consideration for this service. The warrants have a fixed subscription price, and Brian plc will settle the warrants in equity - that is, if the bank chooses to exercise the warrants, it will receive one Brian plc share for each warrant held in return for paying the fixed subscription price. Is this an equity-settled share-based payment transaction that should be accounted for in accordance with IFRS 2, Share-based Payment? If so, does Brian plc measure the transaction by reference to the value of the services received or by the value of the warrants issued?